• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, June 5

Elara Capital Plc, the UK-based mid-market cross border investment bank, announced on Tuesday the closure of its first fund raise and listing in the Alternative Investment Market (AIM) of London Stock Exchange. The Indian advisor to the transaction was Access Financial Services, a boutique investment banking and advisory firm. The company has raised £55 million for the TV18 Group-promoted The Indian Film Company (IFC).

The IFC will invest in production and Intellectual Property Rights of Indian films. The company would begin with a basket of 14 film projects. "We have closed the fund raising of the IFC and will be listing in the AIM on June 18. This is the first outside India listing for any enterprise of the TV 18 Group and we are excited to be in a position to invest substantial capital in the maturing market of Indian filmdom," said Mr Raghav Behl, Chairman of TV 18 Group in a release.

More Stories on : Overseas Borrowings | Radio/TV | Investment Banking

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hindustan Motors to withdraw DA freeze

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line